Employee Paycheck and Small Business Protection Act

Where This Stands

Introduced

Committee

Floor Vote

Passed

Signed

Currently IN_COMMITTEE. The next step in the legislative lifecycle is Floor Vote.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

If passed, this bill would change how much money businesses, non-profits, and municipalities can keep in insured accounts, potentially protecting payroll and vendor payments from loss if their financial institution fails.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Businesses and non-profits

These entities may have their transaction account balances fully insured up to $100 million.

Insured depository institutions

These institutions must participate in data collection and may be subject to new assessments or premiums.

Insured credit unions

These institutions must participate in data collection and may be subject to new assessments or premiums.

What changed

Current stage: IN_COMMITTEE.

What's next

Floor Vote.

Summary

This bill creates a new federal insurance program to fully protect business and non-profit transaction accounts up to $100 million at banks and credit unions. It also establishes a temporary emergency guarantee program to protect these accounts during periods of financial instability.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What kind of accounts are covered?

Accounts held by businesses, non-profits, or municipalities used for regular transactions like payroll and vendor payments that pay little or no interest.

Is there a limit to the insurance coverage?

Yes, the bill sets a maximum insurance amount of $100 million per depositor per institution.

What happens if the FDIC or NCUA fails to issue final rules?

The agency chairs must testify before Congress and submit a report explaining the delay and assessing the program's impact.

Why It Matters

If passed, this bill would change how much money businesses, non-profits, and municipalities can keep in insured accounts, potentially protecting payroll and vendor payments from loss if their financial institution fails.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Expansion of Federal Insurance

The bill represents a significant shift from the standard $250,000 FDIC/NCUA insurance limit by creating a specific $100 million tier for business transaction accounts.

Federal Deposit Insurance Corporation National Credit Union Administration

Connected Entities

organizationFederal Deposit Insurance Corporation“Establishes the insurance program”Map →

organizationCongress“The 118th Congress”Map →

otherFederal Credit Union Act“The bill amends this act”Map →

organizationU.S. Government Publishing Office“Source of the document”Map →

personWaters, Maxine“Introduced the bill”Map →

otherFederal Deposit Insurance Act“The bill amends this act”Map →

Analysis Score

0–100

Significance85
How much this matters to a regular citizen
Controversy60
Intensity of disagreement among stakeholders
Entertainment20
Compellingness for a non-policy-wonk reader
Buzz40
Current news / social attention level